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and they're going to see higher taxes. that's a lump of coal for any anniversary. rather than focus on the negatives in alcoa, focus on the fact they have asian exposure, european exposure. focus on the positives. financial engineering is back in this market. some of the parts for a company like alcoa exceed the value. >> you're making excuses for alcoa even before the ceo comes on. i like that. bob, what do you make of the action? put it in perspective, five years compared to now. >> the dow jones industrial average went from 1500 to 750. that was cut in half. that certainly was a disaster. >> you mean the s&p? >> the s&p, excuse me, bill. nonetheless, bottom line is holding on from that point to here, you can say, yeah, does buy and hold still work? that's what everybody's interested in. i think the evidence is it certainly does, but you have to have long periods of time to look at it. i'm not so impressed that we're not anywhere where we were 12 years ago. if you invested on a regular basis from now through the bottom, i think you'll find you have not done so ba
and they're going to see higher taxes. that's a lump of coal for any anniversary. rather than focus on the negatives in alcoa, focus on the fact they have asian exposure, european exposure. focus on the positives. financial engineering is back in this market. some of the parts for a company like alcoa exceed the value. >> you're making excuses for alcoa even before the ceo comes on. i like that. bob, what do you make of the action? put it in perspective, five years compared to now....
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Oct 10, 2012
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versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are going to be head winds for the market. i think, you know, overall when you do have a lot of this uncertainty about how are my investments going to be treated, i think you can see a lot of people just start to pull money off the table, except maybe where you see companies that are actually showing some enthusiasm that we see a possible pattern. >> if i could point out the alternatives here, guys. we didn't talk about buying back stock. there's evidence that may be a very effective investment strategy as well. i know this has been a
versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are...
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Oct 4, 2012
10/12
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are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause, pause, pause. timeout. when the president took office, the economy was contracting by 9% annual. it's now growing. don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ide
are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause,...
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Oct 8, 2012
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there are other things, marketing, taxes, things like that. we don't know the cause but we know one thing, the oil companies fully integrated make more money when the price of gasoline is higher. so, it's certainly more than coincidental that the price of gasoline stays higher longer than the price of oil. there's no evidence to show that there's something -- that there's a legitimate effort by oil companies to keep gasoline prices higher. it is certainly suspicious and certainly profitable for the oil companies. >> sterling, what's going to get gas prices down? that's all people care about. they keep hearing oil prices are going down, yet they drive to the pump and pay $4.50 or $5 a gallon? >> well, you can work three end of it. you can work it, supply. you can work on demand. and we're doing both of those. and you can work it volatility, which is a huge, huge factor. as i said, gas -- most of the retailers in my area are independent retailers. they don't lock in long-term or can't lock in long-term oil/gasoline contracts. >> but how much --
there are other things, marketing, taxes, things like that. we don't know the cause but we know one thing, the oil companies fully integrated make more money when the price of gasoline is higher. so, it's certainly more than coincidental that the price of gasoline stays higher longer than the price of oil. there's no evidence to show that there's something -- that there's a legitimate effort by oil companies to keep gasoline prices higher. it is certainly suspicious and certainly profitable for...
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california taxes and regulations. it is not good. liz: i know fox news has been there. that one in beverly hills, forget about it did it is probably six dollars for full service. we have reactions from motorists at the pump. >> we are not that far from beverly hills did we did not go to beverly hills because that is the obvious choice. maybe get away to a little more blue-collar area. not far from your hometown. we are talking about gas prices $4.99 for regular unleaded. if you go down the road a couple of blocks .the prices there are $5.29. the second problem is you have california stricter standards of gas. the governor has just signed on to change to the winter standard. this third reason is a number of refineries that are down. that has caused the problem with supply which is caused prices to go up which is bad people who drive cars here in california which is just about everybody not to happy. >> it takes forever to get the prices back down again. it is pretty ridiculous. select $10 gas won't even get me a quarter of a tank. it is really out of control. >> i ride m
california taxes and regulations. it is not good. liz: i know fox news has been there. that one in beverly hills, forget about it did it is probably six dollars for full service. we have reactions from motorists at the pump. >> we are not that far from beverly hills did we did not go to beverly hills because that is the obvious choice. maybe get away to a little more blue-collar area. not far from your hometown. we are talking about gas prices $4.99 for regular unleaded. if you go down...
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Oct 10, 2012
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the health-care law and potential tax increases causing companies right now to change hiring plans. liz macdonald is here with the bottom line. great story. liz: we spoke to darden restaurants. one of the top three employers in the country. they own olive garden and red lobster. here is what they are telling fox business about the effect of hiring. they are testing four market's going through part-time workers, i'm not full time workers and considering more part-time jobs, there's no flexibility in it at all. here is the problem and the bottom line. high cost of affordable care hitting the restaurant industry and they have half of their work force already as part time because there is a lot of turnover in the industry. 75% of part-time speaking of the shift so you are not hit with a mandate tax if you don't provide coverage to part-timers. if you are below the 30 hour work week, provide health insurance for those guys but here's the problem. we did have these planned. shea benefits plans and health reform outlawed because they did not provide the benefit level the health reform bill
the health-care law and potential tax increases causing companies right now to change hiring plans. liz macdonald is here with the bottom line. great story. liz: we spoke to darden restaurants. one of the top three employers in the country. they own olive garden and red lobster. here is what they are telling fox business about the effect of hiring. they are testing four market's going through part-time workers, i'm not full time workers and considering more part-time jobs, there's no...
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Oct 9, 2012
10/12
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that debt forgiveness is tax free. again, thanks to congress passing a tax relief act on short sales back in 2007. a congressional committee estimates that will cost close to $1 billion in lost revenue to the government. now, given that relief and the fact that banks are really pushing these short sales and doing themselves, the question is, do we really need government to keep funding these short sales, maria? >> diana, these are the questions we'll keep following. thanks so much. they ask, should the government get out of the housing business altogether? rick santelli thinks so. jason says this isn't the time to kill these programs. rick, make the case. >> well, my case is why doesn't the government just buy them all, all the houses that are out there in foreclosure, vacant, bulldoze them down, give the tax bill to future generations, boom. housing fix. just because it's expedient doesn't mean it's the right thing to do. what, we're going to give them a break on their principle and their income tax? the government ne
that debt forgiveness is tax free. again, thanks to congress passing a tax relief act on short sales back in 2007. a congressional committee estimates that will cost close to $1 billion in lost revenue to the government. now, given that relief and the fact that banks are really pushing these short sales and doing themselves, the question is, do we really need government to keep funding these short sales, maria? >> diana, these are the questions we'll keep following. thanks so much. they...
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del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today. the nasdaq composite down 1.3%. liz: i am wearing silver hoops to night, not gold. it has been a wild ride. gold is up more than 450% over the past ten years. an incredible performer. gold has extended losses into a third day and these trends are indicators of -- let's ask my next guest who thinks the bubble is ready to burst. he says gold will sink on your screen to $700 in five years. jacobs is the director -- 1,066 right now. he is director and chief investment strategist at chartres profit capital. on the gold bugs all over you? >> when you make a predic
del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today....
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Oct 5, 2012
10/12
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senate and accused governor romney of not paying taxes for ten years. last week, nancy pelosi implied that there was no security at the embassy in libya was because the republicans had employed cuts in that area. they understand the economy is not helpful to them. i would remind the governor that the republican congress has spent many, many job creating bills to the democratically controlled senate and harry reid has refused to let them get to voted on. >> governor romney, the consensus is he came out ahead in the debates. do you think he's going to be able to sustain that momentum? has he energized the base? >> he's clearly energized the base. i was just in denver speaking to a conservative group there. i've been doing some women for romney events. people are clearly very fired up. what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was lis
senate and accused governor romney of not paying taxes for ten years. last week, nancy pelosi implied that there was no security at the embassy in libya was because the republicans had employed cuts in that area. they understand the economy is not helpful to them. i would remind the governor that the republican congress has spent many, many job creating bills to the democratically controlled senate and harry reid has refused to let them get to voted on. >> governor romney, the consensus...